General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo isn't it odd that now that the elections are over
Gas prices keep falling and the hacks are telling us inflation isnt what they said it was.
Hmmmmmmmm!
FalloutShelter
(14,450 posts)Shocked, I tell you.
gab13by13
(32,237 posts)that that right wing rag, The Hill, has Warnock/Walker a dead heat?
malaise
(295,863 posts)It's either they never learn or they have an agenda. Hmmmmm!
SouthernDem4ever
(6,619 posts)Until the runoff is over. I am really sick of their lying commercials.
gratuitous
(82,849 posts)It's a puzzlement!
malaise
(295,863 posts)pushing an agenda
Response to gratuitous (Reply #3)
malaise This message was self-deleted by its author.
BlackSkimmer
(51,308 posts)And Ive not noticed that inflation has diminished either.
soldierant
(9,348 posts)but I read this morning in a newsletter from The 19th Magazine that getting baby formula still has issues.
Raine
(31,174 posts)still shortages, items hard to find.
hibbing
(10,594 posts)Was 3.55 for the longest dang time and strangely enough, it has dropped 20 cents this week. Of course the prices are high in my city because one person pretty much has a monopoly on fuel.
Peace
malaise
(295,863 posts)Orchestrated
Hiawatha Pete
(2,082 posts)malaise
(295,863 posts)And just so it vanished
wnylib
(25,916 posts)Up before elections, down afterward.
onenote
(46,135 posts)See post #48.
ChazII
(6,448 posts)allegorical oracle
(6,460 posts)Historic NY
(40,010 posts)This guy is regularly driving down the price for months a he was 50-60 belong the area stations and still is. Another tanker unloading today. He is cornering the market by selling volume
Beachnutt
(8,900 posts)ms liberty
(11,227 posts)malaise
(295,863 posts)some of the time.
malthaussen
(18,563 posts)... but I'm not convinced they're really "fooling" them, just that some people find their lies expedient.
-- Mal
OldBaldy1701E
(11,089 posts)Joe Nation
(1,112 posts)Hum?
Ford_Prefect
(8,606 posts)rubbersole
(11,209 posts)..when they raided Mar a Lardo, they probably found Hunter's laptop with the Rosetta Stone of radical liberalism in the first line of code. Faux News then had a collective head explosion and they have to find replacements for their nazi talking heads.
orthoclad
(4,728 posts)Shades of Spiro!
We haven't had someone so elegant since then.
Signed,
Nattering Nabob of Negativism
republianmushroom
(22,304 posts)Probatim
(3,280 posts)Joinfortmill
(21,104 posts)BlueCheeseAgain
(1,983 posts)Are we saying corporations purposely set gas prices high in order to hurt Democrats? Isn't their primary goal to make money? If they could set prices high before the midterms, why wouldn't they set prices high right now?
malaise
(295,863 posts)across the globe.
That is all
BlackSkimmer
(51,308 posts)malaise
(295,863 posts)Last edited Fri Dec 2, 2022, 11:45 AM - Edit history (1)
and clearing of docks but sabotage is also real.
BlackSkimmer
(51,308 posts)I wasnt talking about the supply chain.
malthaussen
(18,563 posts)... rather, politicians find it expedient to accuse the government of the high prices that the companies set. When there is no longer a need for that, because the elections are over, then the claim is forgotten. Well, not "forgotten," actually, just relegated to the reserves until the next election cycle.
-- Mal
BlueCheeseAgain
(1,983 posts)The OP and many responses clearly believe that the prices were part of some grand plan.
wnylib
(25,916 posts)not only this year, but in other elections, too.
calimary
(89,950 posts)Usually it means figuring out how, where, and when to put a thumb on the scale to make sure the outcome is favorable to their side.
The Republican strategy:
If you cant win fair n square, then CHEAT.
And we must NEVER forget that. Always expect the worst from them, and youll never be surprised and/or disappointed.
Farmer-Rick
(12,638 posts)OPEC is nothing but a price fixing group and I suspect a lot of backroom deals with the 4 major gas companies in the US. They don't do it all the time because it will make folks move more quickly to renewables. We could get energy for free right now if we worked out the rare minerals issues.
On paper it is the corporate goal to make a profit but ask Fox how much money they lost this year. Also Twitter has yet to make a profit, but Musk bought it up for billions.
Premiere Radio Networks lost hundreds of millions every year on Rush Limpball's contract but it didn't seem to bother them.
So, making a profit isn't really always their goal.
I really don't understand how, for example Twitter, can continue to show a loss yet people want to buy and own it. It amazes me how many corporations show a loss at the end of the year and yet they are considered successful.
ProfessorGAC
(76,643 posts)...the issue still unexplained is gas prices staying for weeks after crude prices fell substantially.
One.of the biggest economic mistakes in modern times was market commoditizing refined product. This eliminated any incentive for refiners to compete on price.
Now, price manipulation in an under-regulated market regularly takes place and the refiners are lucky beneficiaries of high prices. They make extra money without having to do anything better than they already do.
certainot
(9,090 posts)IMMIGRATION! GAS PRICES! was the mantra for 1500 radio stations the last few months and i'll bet it's now back to hunter biden, the right for all americans to buy assault weapons, save the NRA, build the wall, trump is great, hillary Clinton and soros eat babies, etc
orthoclad
(4,728 posts)About 50% of "inflation" can be traced to record corporate profits.
Corporations were hoping to weaken regulation-friendly Democrats. They succeeded somewhat. But there are at least some news articles blaming high prices on gouging, so they can step back on the gouging a bit, in order to protect long-term interests and avoid windfall tax agitation, as well as anti-trust enforcement. Can't be too blatant.
SlimJimmy
(3,251 posts)Corporations don't set the price of gas, the world market sets the price of oil, and the refinement of gas is based on that. When the price of oil goes down per barrel (on the world market) then the price of gas goes down as well. Our government has been using the SPR to supplement the oil supply on the world market, and therefore has kept the price of oil down. That's about to change.
flying_wahini
(8,274 posts)Almost everything has gone up AGAIN. (Since the summer)
A pot roast that is barely enough for 3 adults is $38. Half a days pay for $7.25 hr.
Chicken breasts on the bone is 3pk for $16. That is two hours at minimum wage here in Texas.
Im feeling sorry for the families who are struggling to put good food on the table.
Politics or not; some families are struggling.
Im just afraid this will come back on the Dems;
Starting to worry about any more unforeseen
Issues (think RR strike).
BlackSkimmer
(51,308 posts)Inflation is still happening. Nothing has dropped. Even water is going up.
Moostache
(11,171 posts)There are very real climate issues to raising cattle in the numbers we have been for decades that combine with the pressures from other countries wanting a more "American-Diet" that make it very likely prices for beef won't be going back to pre-pandemic levels any time soon, if ever again for many of us.
I am more worried about the Russian situation and what is going to happen in January when the lunatics in the GOP decide to start torpedoing international support for Ukraine and make Putin emboldened to threaten use of nukes to drag that bloodbath on and threaten European security. I know it was a different time and context, but the saying "If you're NOT terrified, you're not paying attention" seems to be disturbingly apt once more...
Farmer-Rick
(12,638 posts)Drenched with chemicals like round up, planted in fertilizers dug up and processed out of the ground in concentration so high that run off kills our marine and fresh water wildlife.
Insect life is noticably declining due to the poisonous insecticides we drench out vegetables, fruits and nuts with. Corporate farming has got to go. We can raise food without killing off our planet.
AllaN01Bear
(29,430 posts)BlueCheeseAgain
(1,983 posts)Do oil companies no longer want to make as much money?
Meadowoak
(6,606 posts)they know that people will go to EVs or find other ways to commute. This last hike was only to influence the midterms in concert with the media telling us how mad we are at the democrats over high gas prices.
BlueCheeseAgain
(1,983 posts)They hit a high in June and then slid all the way to September.
LT Barclay
(3,180 posts)completely crashing the economy which would cost them in the long run.
I'd think this would be a great topic for John Oliver, comparing gas price cycles to elections. It appears to me that prices stabilize or drop when republicans are in control also. Then they climb some after the election (if they win).
onenote
(46,135 posts)Whether it is an election year or not.
See post #56 for the reasons, which aren't political.
world wide wally
(21,836 posts)AllyCat
(18,817 posts)Because nearly every gas station is owned by one, right-leaning, Union-busting corporation.
samsingh
(18,418 posts)Septua
(2,957 posts)I don't keep up with it daily but just now Googled.
https://oilprice.com/oil-price-charts/#WTI-Crude
sarcasmo
(23,968 posts)KPN
(17,368 posts)free for-the-taking market capitalists are spooked. On balance, they are losing of late.
Bernardo de La Paz
(60,320 posts)Fed Reserve and government don't "coordinate", but they do keep close tabs on each other's actions.
iemanja
(57,751 posts)If not, how can he get the credit for lower prices? What about the price of butter? Is that his doing too?
Bernardo de La Paz
(60,320 posts)For example, Republiconnners raise the deficit. Democrats lower it. That does not mean Democrats can't get credit for lowering it just because they didn't raise it.
iemanja
(57,751 posts)The whole argument makes exactly zero sense. If you want to credit Biden for lowering gas prices--through some mysterious voodoo control over global markets that you haven't made an effort to explain--then you have to blame him when they are high. You can't have it both ways. The fact is global oil and gas markets have their own logic and our politics and our lives just aren't that important to them. The entire argument hinges on a kind of ethnocentrism only Americans are capable of displaying.
The articles about the lower gas prices are crediting a decline in demand. You know, supply and demand?
Bernardo de La Paz
(60,320 posts)Biden did not singlehandedly or mainly or totally cause gas prices to drop. For one thing, he released petroleum from the reserve.
He didn't raise prices by putting petroleum in.
When you cut the grass, that is one way. You aren't responsible for the photosynthesis that grew it.
iemanja
(57,751 posts)Explain to me how Biden all by his lonesome totally disrupted global gas markets.
Bernardo de La Paz
(60,320 posts)You are not seriously debating with such cheap tactics as to pretend I said anything like that.
iemanja
(57,751 posts)I asked you a simple question. How did Biden make oil and gas prices fall.? That shouldn't be so difficult for you, except you clearly have no answer. Your argument doesn't hold, and it isn't based on logic at all.
moose65
(3,454 posts)I live in an area that usually has higher gas prices than surrounding counties, since we are a vacation and skiing destination. Today, my county has the lowest regular average gas price of any county in NC - 2.96.
Remember those "caravans of migrants" who were headed to the US right before the 2020 election? Yeah, they disappeared too!
Also, Antifa suddenly isn't destroying cities any longer! Go figure.....
blueinredohio
(6,797 posts)onenote
(46,135 posts)blueinredohio
(6,797 posts)don't get your panties in a bunch
DENVERPOPS
(13,003 posts)pulled the EXACT same thing on Carter 40+ years ago.......
onecaliberal
(36,594 posts)ffr
(23,393 posts)Hmmmmmmmm!
onenote
(46,135 posts)They do it almost every year, no matter who is in the White House or controls Congress.
Sorry to burst your balloon.
Compare September prices to December prices for each year since 2012. In almost every instance, the price was higher in September than in December.
https://data.bls.gov/timeseries/APU000074714
IronLionZion
(51,209 posts)I would expect more oil is used in winter for heating, shipping, and travel around holiday times.
onenote
(46,135 posts)Yes, there is a spike in travel around Thanksgiving and Christmas, but it doesn't compare to the spike that occurs starting with Memorial Day and running through Labor Day -- lots of people traveling for vacations all through those months.
And we're only talking about gasoline prices -- not oil heating. It's hardly a shock that demand -- and the price for -- heating oil goes up in the winter compared to the summer.
There are other factors that regularly impact the price of gasoline on a seasonal basis. For example, the EPA defines April to June as the transition season for fuel production. Refineries lead this transition and switch over to summer-blend production in March and April.
Gasoline blends used in the summer months are different than the blends used in the winter. There are also more fuels to produce during the transition season. In the winter months, only a few fuels are used across the United States. However, because of various state or regional requirements, over a dozen different fuel specifications are required for the summer months. Refineries must produce enough for each area to ensure there are no supply shortages, and that can complicate the production and distribution of fuels.
Finally, summer-blend fuel is also more expensive to make than winter-blend fuel. First, the production process takes longer and, second, the overall yield of gasoline per barrel of oil is lower. These complexities add as much as 15 cents per gallon to the cost to produce these higher-grade fuels.
It's a far more complex market than most people understand. And that's not taking into account the impact of other events -- wars, natural disasters, refinery accidents, OPEC's ups and downs, etc.
IronLionZion
(51,209 posts)I'd like to see airline prices come down.
ColinC
(11,098 posts)Literally the day after the election, there were multiple reports of inflation easing.
Quite interesting indeed 🤔
tishaLA
(14,769 posts)IronLionZion
(51,209 posts)remembering all they are thankful for, like COVID vaccines and plentiful jobs
Bonx
(2,353 posts)cstamm53
(58 posts)Gas prices plunge to lowest level since February (ABC News)
lambchopp59
(2,809 posts)Along with the egregious gouging they'll be raping holiday travelers over the oil barrel. I have a long drive to see my doctor just before Xmess I'm certain to cry at the California gas pumps enroute.
I'd bet the hoardes of "illegals" crossing the border reports on Fox Noise have likely disappeared as well, just like the "migrant caravans" did, just magically after prior elections.
I don't expect Fox and other RWNJ media to change it's hatemongering strategy, somehow the nightmare visions of MAGA's prone, stone cold dead in front of their teevee's with Jesse Watters pounding his fist frustrated he failed to incite enough hatred of President Biden having finally done some of them in... (I'm not kidding, in some Farron Balanced clip he actually expressed that!)
BradAllison
(1,879 posts)....Who are angry the red wave didn't come because of elevated gas prices.
live love laugh
(16,374 posts)Ferrets are Cool
(22,942 posts)malaise
(295,863 posts)😀😀
Kid Berwyn
(24,304 posts)https://www.marketwatch.com/story/the-s-p-500-is-on-the-cusp-of-breaking-through-a-level-that-might-spell-the-end-of-the-bear-market-11669924124
malaise
(295,863 posts)iemanja
(57,751 posts)Everything isn't a fucking conspiracy.
It's amazing that you all rightfully defended Biden as responsible for high gas prices yet think nothing of attributing their fall to some nefarious MAGA conspiracy. International markets have their own logic, and our politics isn't as important to the world as you all seem to think. Why is it Americans can't conceive of a world that doesn't revolve around them?
GoodRaisin
(10,891 posts)But thats usually when the bullshit takes a hard stop. Kinda like how Hillarys emails just went away
Mr. Ected
(9,714 posts)At some point, wouldn't some of the more self-aware zombies on the right realize that they're being manipulated?
malaise
(295,863 posts)😀
uponit7771
(93,532 posts)betsuni
(29,054 posts)Roisin Ni Fiachra
(2,574 posts)to help defeat Democrats in the midterms, and that any other explanation was blahblahblah bullshit.
That's my story, and I'm sticking to it.
Nationalize big oil. They are economic terrorists, and are an immediate threat and clear and present danger to our democracy and the safety and security of the people of the United States.
malaise
(295,863 posts)Yes big oil has big power
Emile
(42,199 posts)DFW
(60,156 posts)I.e. about 1.96 per liter.
jonstl08
(564 posts)In my area starting on the Friday and weekend before the election gas prices went up about 30-40cents per gallon. Right after the election they dropped and have been dropping every day since 11/8. Tell me the oil companies were not trying to influence voters.
malaise
(295,863 posts)Where are you?
Southwest St. Louis County MO
malaise
(295,863 posts)mathematic
(1,610 posts)Kath2
(3,192 posts)Never believed any of it and voted Dem the whole way!